secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0000950170-21-004956
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores to exchange $72.3M of 2.25% convertible notes for cash
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- $72.3M aggregate principal of 2.25% Convertible Senior Notes due 2025 exchanged for cash.
- Cash consideration based on VWAP of Burlington common stock over Dec 1-2 measurement period.
- Exchange expected to close Dec 3, 2021, subject to customary closing conditions.
- Transaction reduces outstanding convertible debt by $72.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000095017021004956/0000950170-21-004956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000095017021004956/burl-20211130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-004956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer